Hart, Attorney at Law, Experienced the following transactions in 2018, the first year of operations.

1. Accepted $18,600 on April 1, 2018 as a retainer for services to be performed evenly over the next 12 months.

2. Performed legal services for cash of $68,000

3. Purchased $1,150 of office supplies on account.

4. Paid $1035 of the amount due on accounts payable.

5. Paid a cash dividend to the stockholders of $5,100

6. Paid cash for operating expenses of $21,000

7. Determined that at the end of the accounting period $100 of office supplies remained on hand.

8. On December 31, 2018, recognized the revenue that had been earned for services performed on accordance with Transaction 1.

Required

Show the effects of the events on the financial statements using a horizontal statement model. In the cash flow column, use the initials OA to designate 'operating activity'; IA for 'investing activity'; FA for 'financial activity'; and NC for 'net change in cash'. Use NA to indicate accounts not affected by the even

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02